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Unemployed is the new Self-Employed!
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Everyday we are getting new reports about the tens of thousands of people losing their jobs and the number of people applying for Unemployment for the first time in their lives. According to the Department of Labor, the unemployment rate in the state of Maryland has increased to 5.3 percent, as of November 2008. But what does this really mean?
In August 2007, there were a significant number of layoffs that took place throughout the US as a result of the mortgage fiasco, however, a great number of these people never applied for Unemployment benefits, instead they became Self-Employed.
Did you know Maryland is one of only a few states that provide Self-Employment Assistance? Self-Employment assistance provides dislocated workers the opportunity to create their own jobs by starting their own businesses. The other states that provide this program are: Delaware, Maine, New Jersey, Pennsylvania, New York and Oregon.
Under the guidelines of this program, individuals could receive weekly allowances while they are establishing their business.
Self-Employment allowances are the same weekly amounts as the standard unemployment insurance benefits and participants are encouraged to work full-time on starting their business.
I have established contact with the Maryland Department of Labor and it was difficult, at best to obtain information about this program. It’s great that Maryland has the program in place; however, they filter people through the same process as the newly unemployed worker. STATE OF MARYLAND, there is a difference between the unemployed and self-employed!!!
So today, I am standing on my soapbox calling for a “National Self-Employment Initiative”.
There is nothing more satisfying that starting your own business and controlling your own destiny.
Why be unemployed, when you could be Self-Employed?
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